Financials
- Financial year
- 2025
- Total assets
- €820,850
- Profit
- €150,811
- Solvency
- 21.9%
Total assets▲ 95.5%
Net result
20232025
HAP
ActiveSummary
HAP has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €180,047 and a net result of €150,811. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 24% of 1,249 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Activity
Construction of utility projects for electricity and telecommunications
NACE 42220General electrical installation work NACE 43211
1 site
Size
€820,850total assets 2025
- Staff
- 2 FTE
- Equity
- €180,047
- Profit
- €150,811
Turnover not published (micro format)
Structure
2025 accounts 114 days early2 deeds in the Belgian Official Gazette
Why 81raises riskFounded in 2022Sector: Civil engineering (NACE 42)lowers riskSize: total assets €820,850Figures for financial year 2025 (filed 08-04-2026)Show the evidence
Checked score
Score 2025
81
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 41% of its sector peers (NACE 42, micro)
Financial strength · tick = 2024
Average
Solvency
47-21
equity 21.9% of total assets
Liquidity
37-12
short-term debt 35.4% · cash 2.5%
Profitability
92+12
return on assets 18.4%
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.8%highest value
12-2024: 1.8%● unchanged vs 11-2024highest value
01-2025: 1.0%▼ -0.8 percentage points vs 12-2024
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 1.0%● unchanged vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 1.1%▲ +0.1 percentage points vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.8%▼ -0.4 percentage points vs 07-2025
09-2025: 0.8%● unchanged vs 08-2025
10-2025: 0.6%▼ -0.2 percentage points vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.5%▼ -0.1 percentage points vs 04-2026lowest value
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.15, compared with 2.35 in 2024, below the usual 1.5; short-term debt: 35.4% and cash: 2.5% of total assets), and 78.1% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, micro): better than 24% on solvency, 28% on liquidity, 74% on profitability and 37% on growth.
The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 1249 sector peers (2025).
NBB · sector comparisonPosition among 1249 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-04-2026, 114 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
114 days early
2024
16 days early
2023
49 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 60 days before the deadline; the sector median (NACE 42) for financial year 2024 is 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 June (3 of the last 3 filed years within 66 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2023 to 2025net €150,811 ▲295%
- Annual accounts filedfinancial year 2024 · micro…
Key points
By topic
Timeline
- Events
- 6
- Since
- 2024
- Next accounts
- by 31-07-2027
- 31-12-2024Weakest financial year
- 31-12-2024Equity above €150,000
- 12-06-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Construction of utility projects for electricity and telecommunicationsNACE 42220
- Founded
- 24-01-2022
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Key facts about HAP
- What is the company number of HAP?
- 0780.818.920. In Belgium the VAT number is the company number with BE in front: BE 0780.818.920.
- Where is HAP based?
- The registered office is at Brugsesteenweg 105, 8450 Bredene.Company details
- What does HAP do?
- According to the KBO register, the main activity is construction of utility projects for electricity and telecommunications (NACE 42220).
- What is the legal form of HAP?
- Private limited company (BV).
- When was HAP founded?
- On 24-01-2022.
- Is HAP still active?
- Yes, HAP is an active enterprise in the KBO register.
- How many employees does HAP have?
- On average 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of HAP?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is HAP profitable?
- In financial year 2025, HAP made a profit of €150,811.
- Where can I find the annual accounts of HAP?
- HAP filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HAP due?
- By 31-07-2027, for financial year 2026.Timeline
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